Wedbush Cuts Price Target on Polaris Industries (PII) Following 3Q Report

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Go back to Wedbush Cuts Price Target on Polaris Industries (PII) Following 3Q Report

Polaris Reports 2016 Third Quarter Results

October 25, 2016 6:00 AM EDT

Highlights:

Motorcycle retail sales increased high-single digits percent, and as expected, ORV retail sales were down high-single digits during the quarter. Total Company North American retail sales were down nine percent for the quarter, in-line with expectations.

ORV dealer inventory was down 16%, year-over-year. Total dealer inventory was down 10%.

Third quarter results included expenses totaling approximately $65 million for increased warranty, legal and other costs associated with product recall activity.

Announced acquisition of Transamerican Auto Parts (TAP) to bolster leadership position in a growing off-road aftermarket space.

Narrowing full year... More

Investor Update: Glancy Prongay & Murray LLP Announces an Expanded Class Period in the Securities Class Action Lawsuit Pending Against Polaris Industries Inc.

October 24, 2016 10:11 PM EDT

LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP (GPM) announces that it has filed a complaint expanding the class period in the class action lawsuit filed in the United States District Court for the District of Minnesota on behalf of a class (the Class) of investors who acquired Polaris Industries Inc. (Polaris or the Company) (NYSE:... More